I neep help figuring out the income statement and balance sheet on the workesheet. ...

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Question

Accounting

I neep help figuring out the income statement and balance sheet on the workesheet.

A Byte of Accounting, Inc.

Worksheet

For Period Ending June 30, 2018

Account Unadjusted Trial Balance Adjusting Entries Adjusted Trial Balance Income Statement Balance Sheet

Number Name Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit

1110 Cash 83,283.48 - - - 83,283.48 -

1120 Accounts Receivable 1,239.00 - 5,500.00 - 6,739.00 -

1130 Prepaid Insurance 5,304.00 - - 221.00 5,083.00 -

1140 Prepaid Rent - 4,400.00 - 2,200.00 - 6,600.00

1150 Office Supplies - - - 303.00 - 303.00

1211 Office Equip. 761.00 - - - 761.00 -

1212 Accum. Depr.-Office Equip. - - 3,052.00 - 3,052.00 -

1311 Computer Equip. 227,970.00 - - - 227,970.00 -

1312 Accum. Depr.-Computer Equip. - - - 3,052.00 - 3,052.00

1411 Building Cost 110,000.00 - - - 110,000.00 -

1412 Accum. Depr.-Building - - - 247.00 - 247.00

1510 Land 21,000.00 - - - 21,000.00 -

2101 Accounts Payable - 2,640.00 - - - 2,640.00

2102 Advanced Payments - - - - - -

2103 Interest Payable - - - 666.16 - 666.16

2105 Salaries Payable - - - 486.00 - 486.00

2106 Income Taxes Payable - - - 2,749.55 - 2,749.55

2201 Mortgage Payable - 117,900.00 - - - 117,900.00

2202 Notes Payable - 110,000.00 - - - 110,000.00

3100 Capital Stock - 196,156.00 - - - 196,156.00

3200 Retained Earnings - - - - - -

3300 Dividends - 1,156.48 - - - 1,156.48

4100 Computer & Consulting Revenue - 17,435.00 - 5,500.00 - 22,935.00

5010 Rent Expense - - 2,200.00 - 2,200.00 -

5020 Salary Expense - 1,620.00 486.00 - - 1,134.00

5030 Advertising Expense 250.00 - - - 250.00 -

5040 Repairs & Maint. Expense 1,140.00 - - - 1,140.00 -

5050 Oil & Gas Expense 865.00 - - - 865.00 -

5080 Supplies Expense - 505.00 303.00 - - 202.00

5090 Interest Expense - - 666.16 - 666.16 -

5100 Insurance Expense - - 221.00 - 221.00 -

5110 Depreciation Expense - - 247.00 - 247.00 -

5120 Income Tax Expense - - 2,749.55 - 2,749.55 -

TOTAL 451,812.48 451,812.48 15,424.71 15,424.71 466,227.19 466,227.19

NET INCOME

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I neep help figuring out the income statement and balance sheet on the workesheet. ...

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Accounting

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A Byte of Accounting, Inc.
Worksheet
For Period Ending June 30, 2018


Account		Unadjusted Trial Balance		Adjusting Entries		Adjusted Trial Balance		Income Statement		Balance Sheet
Number	Name	Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit
1110	Cash	83,283.48	-	-	-	83,283.48	-
1120	Accounts Receivable	1,239.00	-	5,500.00	-	6,739.00	-
1130	Prepaid Insurance	5,304.00	-	-	221.00	5,083.00	-
1140	Prepaid Rent	-	4,400.00	-	2,200.00	-	6,600.00
1150	Office Supplies	-	-	-	303.00	-	303.00
1211	Office Equip.	761.00	-	-	-	761.00	-
1212	Accum. Depr.-Office Equip.	-	-	3,052.00	-	3,052.00	-
1311	Computer Equip.	227,970.00	-	-	-	227,970.00	-
1312	Accum. Depr.-Computer Equip.	-	-	-	3,052.00	-	3,052.00
1411	Building Cost	110,000.00	-	-	-	110,000.00	-
1412	Accum. Depr.-Building	-	-	-	247.00	-	247.00
1510	Land	21,000.00	-	-	-	21,000.00	-
2101	Accounts Payable	-	2,640.00	-	-	-	2,640.00
2102	Advanced Payments	-	-	-	-	-	-
2103	Interest Payable	-	-	-	666.16	-	666.16
2105	Salaries Payable	-	-	-	486.00	-	486.00
2106	Income Taxes Payable	-	-	-	2,749.55	-	2,749.55
2201	Mortgage Payable	-	117,900.00	-	-	-	117,900.00
2202	Notes Payable	-	110,000.00	-	-	-	110,000.00
3100	Capital Stock	-	196,156.00	-	-	-	196,156.00
3200	Retained Earnings	-	-	-	-	-	-
3300	Dividends	-	1,156.48	-	-	-	1,156.48

4100	Computer & Consulting Revenue	-	17,435.00	-	5,500.00	-	22,935.00
5010	Rent Expense	-	-	2,200.00	-	2,200.00	-
5020	Salary Expense	-	1,620.00	486.00	-	-	1,134.00
5030	Advertising Expense	250.00	-	-	-	250.00	-
5040	Repairs & Maint. Expense	1,140.00	-	-	-	1,140.00	-
5050	Oil & Gas Expense	865.00	-	-	-	865.00	-
5080	Supplies Expense	-	505.00	303.00	-	-	202.00
5090	Interest Expense	-	-	666.16	-	666.16	-
5100	Insurance Expense	-	-	221.00	-	221.00	-
5110	Depreciation Expense	-	-	247.00	-	247.00	-
5120	Income Tax Expense	-	-	2,749.55	-	2,749.55	-





	TOTAL	451,812.48	451,812.48	15,424.71	15,424.71	466,227.19	466,227.19
	NET INCOME


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